American International Realty Corp. is there for consumers needing to execute a short sale Chicago, Illinois

Is it time to short sell your home?

Not sure what a short sale is? A short sale is when the amount of the outstanding loans are greater than the amount for which the home could sell. This may be attributed to many factors, but most commonly is a result of a rapidly declining housing market.

Short sales may be a way for homeowners to prevent foreclosure and pay off their loan with the lender by settling.


What steps do I take in a short sale?

First, figure out the true market value of your property. A qualified REALTOR®, like those at American International Realty Corp., will be able to give you a realistic idea of what your house would likely sell for based on a market analysis. Watch out for websites where a computer estimates your home's market value since they may not have complete information or know important things like neighborhood trends and current listings.

To get top dollar for your distressed real estate in Chicago, Contact American International Realty Corp. today for a company with the experience and knowledge to get you to the closing table quickly.

Next, be sure to figure in your closing costs. The experienced REALTORS® at American International Realty Corp. will consider fees including title report, appraisal, escrow, property taxes, and agent commissions to tally your final costs at the closing table.

Finally, get in touch with your lender and make them aware of your situation. They may even have a specific department that manages short sales. Ask about their exact process. Some lenders will be more willing to work with you than others. They may be able to lessen how much you owe or make other arrangements. Your lender will have to give consent for the final sale.


American International Realty Corp. 6138 N. Lincoln Ave Chicago, IL 60659
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